Introduction: Elites and Power after Financialization

Davis, Aeron; Williams, Karel

doi:10.1177/0263276417715686

Cited by 50 publications

(46 citation statements)

References 56 publications

(42 reference statements)

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“…This creates an important omission in the social scientific understanding of financialization: It tends to underplay state power in general. Resonating somewhat with broader currents of thought which hold that the state is declining in the face of global capital and suffering a “hollowing out” of its bureaucratic institutions, social scientific accounts of financialization typically interpret various and variegated state programs and interventions—for example, the reregulation of markets, the reform of welfare and pensions, the bailout of banks—as following from changes in the dynamics of capital accumulation and/or the reified economic and political preeminence of financial markets, intermediaries, and elites (Christophers ; Davis and Williams ).…”

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confidence: 99%

Frontier financialization: Urban infrastructure in the United Kingdom

Langley

2018

Economic Anthropology

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This article contributes to critical social scientific understanding of the significance of state power to the furtherance of the financialization of socioeconomic life. Drawing on the poststructural theories of power of Gilles Deleuze and Michel Foucault, the concepts of “diagram” and “dispositif” are developed to foreground how changes in modalities and relations of power are manifest in shifting governmental rationalities and contingent policy interventions that attempt to advance financialization processes. The article's conceptual claims are illustrated through an analysis of the financialization of urban infrastructure that focuses on the United Kingdom's first ever National Infrastructure Plan (NIP), enacted between 2010 and 2015. The NIP is shown to have marked a step‐change in the UK state's approach to the governing of ostensibly public urban infrastructure, one that sought to reconfigure privately owned, market‐operated, and privately financed infrastructures as a “new asset class” to be prospected for value by global investors. As the NIP problematized the private debt financing of urban infrastructure, it was through the diagram of governmental planning that the apparent limit points of financialization processes were identified and confronted, and through specific dispositif that attempts were made to extend the frontier of financialization.

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confidence: 99%

Frontier financialization: Urban infrastructure in the United Kingdom

Langley

2018

Economic Anthropology

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“…In his last government, Vargas was elected president (1951)(1952)(1953)(1954). Accused of corruption, although this has not proven even to this day, he committed suicide (D'Araujo, 2001;Freire & Penna, 2001 (Mills, 1956;Wedel, 2017;Davis & Williams, 2017). This perspective is according to changes in elites in Brazil in this entire article.…”

Section: Brazil and The Formation Of Its Elites From Colony To Empirmentioning

confidence: 82%

“…chek-managed to conclude his presidential term andhe consolidated the industrialization of the country with international financing, which exacerbated the external debt (Mourão, 2012 Globalization, deregulation, privatization, free trade agreements and the financialization of capital markets began to exercise control or influence over capital flows, and transnational networks today handle values much greater than those controlled by the states. The elites of global financial markets also came to exercise power over national political and economic institutions and decisions, fragmenting governments and key decision-making institutions (Davis & Williams, 2017).…”

Section: Ten Years Of Short Democracy and 21 Years Of Military Dictatmentioning

confidence: 99%

“…line". That further divided participation and democratic political leadership, which had been losing power for decades (Wedel, 2017;Davis & Williams, 2017). It was thus that the military elites installed themselves in power in the United States and in Latin America, without having to give any account for their actions.…”

Section: Ten Years Of Short Democracy and 21 Years Of Military Dictatmentioning

confidence: 99%

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Elites in Competition and the Reorganization of Power: The Case of Brazil

Gomes¹

2019

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This article describes the formation of the traditional elite of Brazil from the colonial period, and the main ruptures affecting the republic during short democratic periods in which changes were observed in the composition of their elite. The most recent change is historically contextualized by the formation of a new elite, in the form of the governments of Lula da Silva and Dilma Rousseff, who were never part of the political-military-hereditary lineage of traditional elites. This was the scenario of the 2014 elections and the impeachment that once again broke away from the democratic system. The historical practices of the traditional elite of Brazil showed themselves to be caught in a vicious circle around the coup d'état to return to power, confronting the responses of the new progressive elite that had resulted from elections during the short periods of democracy. A qualitative methodology of bibliographic review is applied for the construction of the conceptual and analytical framework, and the collection of information from the media for recent facts has still been little analyzed with content analysis, and is complemented with two interviews with people who occupied high government posts, both before and during the coup. The results indicate that the new government elite undervalued the process of financial globalization and promoted the strengthening of representatives of international networks and their entry into the decision-making process, where they formed parallel command structures and networks contrary to government decisions and facilitated the rupture of democracy.

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“…They commingle and overlap (Friedland & Alford, 1991), which creates chronic conditions not only for disharmony, exploitation, and conflict (Padgett & Ansell, 1993;Panofsky, 2014) but also for creative action through novel recombinations of institutional materials (Abbott, 2005;Armstrong & Bernstein, 2008;de Souza Leão & Eyal, 2019;Evans & Kay, 2008;Eyal, 2013;Padgett & Powell, 2012). This is because people and organizations positioned at the intersection of multiple fields can leverage and broker relationships across them (Davis & Kim, 2014;Davis & Williams, 2017;Ganz, 2000;Padgett & Ansell, 1993).…”

Section: Positional Centralitymentioning

confidence: 99%

Universities as peculiar organizations

Eaton

Stevens

2020

Sociology Compass

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We integrate contemporary sociological scholarship on higher education to appraise universities as peculiar organizations, on three dimensions. Universities are positionally central to the institutional order of modern societies, providing working links between state, market, civil society, and private‐sphere organizations. Universities are polysemic, embodying civic, economic, and sacred meanings simultaneously. And universities are quasi‐sovereign, enjoying a substantial margin of jurisdiction over their own boundaries and internal affairs. These insights are harmonious with classic insights on the character of academic organization and offer concise dimensions for observing variation in higher education systems across space and time.

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Introduction: Elites and Power after Financialization

Cited by 50 publications

References 56 publications

Frontier financialization: Urban infrastructure in the United Kingdom

Frontier financialization: Urban infrastructure in the United Kingdom

Elites in Competition and the Reorganization of Power: The Case of Brazil

Universities as peculiar organizations

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